Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,650,000

· Closed July 9, 2025

126 E 16th Street #PH5A
Closed For Sale Co-op

$1,650,000

126 E 16th Street #PH5A

Gramercy Park, Manhattan

MLS® #RLS11010109

RLS at REBNY

Listing by Compass

1

Bedroom

2

Baths

N/A

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2
Year Built 1920
Ownership Co-op
Maintenance $2,566/mo
Neighborhood Gramercy Park
Floor 5 of 5

Property Highlights

  • Outdoor Space: Terrace, Rooftop
  • Character: Pre-war building (1920)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
Floor 5 of 5
Pets Yes
Year Built 1920
Structure Type MultiFamily
Furnished Unfurnished
Block/Lot 00871/0056

Listing History

Event Date Price Change
Listed Sep 18, 2024 $1,900,000 -
Price Reduced Jan 11, 2025 $1,750,000 -7.9%
Currently May 29, 2026 $1,650,000 -5.7%

Description

Discover your private urban escape at Penthouse 5A, nestled just off Irving Place in the heart of Gramercy Park and Union Square. This spacious one-bedroom (convertible two-bedroom), two-bathroom home is designed for flexibility and ease. Whether you prefer the privacy of a second bedroom/home office or the openness of a dining area, the adaptable floor plan caters to your needs. The expansive living and dining area features three north-facing windows, custom millwork, and a rare wood-burning fireplace—ideal for cozy evenings in the heart of the city. The separate but open kitchen is a chef's delight, with top-of-the-line appliances, ample countertops, and abundant storage. Upstairs, you'll find a sun-drenched primary bedroom with an en-suite bathroom, a walk-in closet, and direct access to a 414-square-foot private terrace/roofdeck. This beautifully landscaped, north-facing terrace offers complete privacy, providing the perfect space for relaxation or entertaining guests with ease. The home also features an in-unit washer dryer, through-wall AC, and hardwood floors throughout. Guarantors, gifts, co-purchasing, subletting and pets all allowed on a case-by-case basis with board approval. Ideally located, just steps from Gramercy Park and Union Square, this home puts you at the center of the city's finest offerings of shopping and dining such as Casa Mono, Friend of a Farmer, and Irving Farm Coffee Roasters, or explore the vibrant Union Square Greenmarket. Being near Union Square offers you access to the 4,5,6,L,N,R,W & Q trains.

Features & Amenities

Interior Features

In Unit See Remarks

Exterior Features

Private Outdoor Space Over60 Sqft Terrace Rooftop

Appliances

Dryer Washer

Building Information

Building Data View Compliance & Permits
Total Units 13
Stories 5
Structure MultiFamily

Financial Details

Maintenance $2,566/mo
Original Price $1,900,000
Sale Price $1,650,000
Previous Price $1,750,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

184

Median Asking Price

$1.27M

Median $/Sqft

$1,766

Avg Days on Market

N/A

New This Week

10

Price Reduced

29%

Sold (30 Days)

19

Median Sale Price

$1.20M

Live data from RLS at REBNY • Updated 5/29/26, 10:44 AM EST

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Location

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126 E 16th Street #PH5A, Gramercy Park, New York County

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $111,600
Land Value: $20,100
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,750 SF
Building Area: 1,892 SF
Built FAR: 1.08
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $2,566 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 2 full bathrooms.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS11010109
First Listed: 9/18/2024
On Market: 9/18/2024
Price Changed: 1/11/2025
Closed: 7/9/2025
Contract Date: 8/23/2024

Listing Courtesy of Compass - Pacey Barron

Listing Contact: (917) 628-8145

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/29/2026 at 2:44 PM UTC

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